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Updated about 5 years ago,
Anyone know of commercial hard money lender
I purchased a commercial property to open retail business 2 years ago. Unfortunately I closed the business after 6 months. I have repurposed the 600 sf building and turned it into an air bnb rental. I purchased the property for $129,000 put 20% down. I owe about $90,000 on it. Currently I am in a 5 year loan 7 % interest, payment is $1200 a month with a $65,000 balloon due in 3 years. I would like to refinance into a long term fixed loan no balloon. Please let me know if anyone has any ideas to help. Thanks!